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Elizabeth
Elizabeth is a 40-year-old married woman with two school-age children. She is married to a farmer. To add to her husband's income, she established a store where she sells grocery items to her customers in retail.

Elizabeth is asking for this loan to have additional capital with which to buy noodles, sardines, eggs and biscuits to sell in her store. She would like to increase her merchandise. A loan of PHP 30,000 will enable her to increase her sales capacity.

In the future, she hopes to have a stable source of income and to save funds for her children's school expenses. She believes education is the best legacy she can pass on to her children.

Additional Information

About Alalay sa Kaunlaran, Inc.

This loan is made possible by Alalay sa Kaunlaran, Inc. (ASKI), which means “a partner in development.” ASKI has been in operation for 25 years and runs multiple successful initiatives in addition to microlending. Its main microfinance branch focuses on lending to microentrepreneurs, small farmers, and fisher folk. ASKI also provides microinsurance and marketing support for borrowers, as well as educational programs to develop the skills of both borrowers and staff. The ASKI Foundation funds community development projects such as a daycare feeding program and scholarships for children. ASKI Global helps overseas Filipinos develop entrepreneurial and financial skills to maximize the impact of remittances.

ASKI’s motto is “Together, let’s make things happen!” Join ASKI's Kiva Lending Team or view its website.

About Philippines

  • $1175
    Average annual income
  • 300
    View loans »
    Philippines Loans Fundraising
  • $52,723,450
    Funds lent in using Kiva
  • 42.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Elizabeth to buy noodles, sardines, eggs and biscuits to sell in her store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 28, 2012
Listed
May 2, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 16, 2012